Trading Edges That Last
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Bearish Discharge is a day trading system designed to work with Euro and British Pound. It is a very consistent trading model for many years. The trading setup does not ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Aussie caught me offguard last week. It bounced off Y-1 and held Y-0. That gave us a go for Y+1 and the Y+2 target. Yet, FBO above Y+1 sent ...READ MOREWeekly Cycle Projection (GBPUSD) 2016-11-07Precog Vision – Forex 2014-8-14Intraday Cycle Projection (GBPUSD) 2014-11-17Forex Trading Signal: Bearish DischargeHot n Cold (GBPUSD) 2012-2-10AUDUSD Jun 27 to Jul 01 OutlookWeekly Cycle Projection (GBPUSD) 2016-10-17Precog Vision – Forex 2017-3-16AUDUSD Jul 15 to Jul 19 OutlookIntraday Cycle Projection (GBPUSD) 2022-02-03
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GBPUSD Dec 02 to Dec 06 Outlook
Lawrence’s Comment
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook
Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
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